Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


AP entry's tansfer to gl but amounts not matched? what
to do? How to correct it?

Answers were Sorted based on User's Feedback



AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?..

Answer / ramesh addagonta

While Reconciling AP vs GL we should consider Associate
and account code. Entries which are accounted in AP that
should be posted to GL So amount should be match if not
match there are reasons mentioned below:

1.Credit memo created with advance code, hence difference
2.Laibility code created d in stadard invoice at
distribution leval
3. AP Accrual account code entered in prepayment instead of
advance account code, hence difference
4. Report problem
5.Expense account code entered in the prepayment, hence
difference
6. AP Accrual account code created instead of laibility
code at header leval
7.Invocie applied subsequently
8.invoice cancelled subsequently
9.Manual entry created in GL directly

Is This Answer Correct ?    3 Yes 0 No

AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?..

Answer / milind d

In AP there is option called Correct Accounting entry thru
make the correct changes in accounting entry & run AP
transfer to GL... the entry get corrected & Post it.

Is This Answer Correct ?    3 Yes 3 No

AP entry's tansfer to gl but amounts not matched? what to do? How to correct it?..

Answer / d chitti babu

It will not account and post to GL

it would be on distribution hold in AP

Is This Answer Correct ?    2 Yes 2 No

Post New Answer

More Oracle Apps Financial Interview Questions

How to refund for a customer who returns goods and wants a refund for $600 in R12 In above scenarios customer does not want Credit Memo or On- Account Credit, he wants refund check . and as we know we do not issue check from AR. How can we issue Check from AP and how offsetting is done for the same in R12

1 Answers   IBM, iGate,


What are the mandatory accounts that need to be setup in Set of Books?

4 Answers   HCL, Syntel,


what is the receipt class and receipt source in AR?

4 Answers   Orange, TCS,


please explain with examples the below mentioned "Creating the end to end business scenarios and executing the scenarios to perform the regression testing".

0 Answers   Satyam,


Can you cancel the invoice? If yes, explain?

6 Answers  


In Multi Org can you tell what is SHORT ENTITY ?

1 Answers   Logica CMG,


What's the accounting entry when an Invoice is created in AP?

6 Answers   Oracle, Syntel,


Assigning natural account to accounting seg. What will happen

2 Answers   Meru Cabs,


what is MD050 & wat specifications are included in it

5 Answers   Meru Cabs,


Can any one tell me Client Interaction?

1 Answers  


what is value set

4 Answers  


how do u explain what are revaluation reserve, revaluation reserve retired, and revaluation amortization accounts

0 Answers   Zensar,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)